{"id":56274,"date":"2025-11-21T17:07:29","date_gmt":"2025-11-21T21:07:29","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/wall-street-rebounds-on-rate-cut-hopes-tech-volatility-persists\/56274\/"},"modified":"2025-11-21T17:07:29","modified_gmt":"2025-11-21T21:07:29","slug":"wall-street-rebounds-on-rate-cut-hopes-tech-volatility-persists","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wall-street-rebounds-on-rate-cut-hopes-tech-volatility-persists\/56274\/","title":{"rendered":"Wall Street Rebounds on Rate Cut Hopes, Tech Volatility Persists"},"content":{"rendered":"<p>The U.S. stock market staged a notable rebound on Friday, November 21, 2025, with major indexes closing significantly higher, recouping a portion of the sharp losses experienced earlier in the week. This resurgence was largely driven by renewed optimism surrounding potential interest rate cuts by the Federal Reserve, a sentiment bolstered by comments from a key Fed official. However, underlying concerns about artificial intelligence (AI) valuations continued to create volatility, particularly within the technology sector.<\/p>\n<h2>Market Indexes Close Higher Amid Rate Cut Speculation<\/h2>\n<p>All three major U.S. market indexes finished Friday&#39;s trading session in positive territory. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DJI\">DJI<\/a>) jumped 1.4%, adding 650 points, a strong recovery after losing nearly 400 points on Thursday. Similarly, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPX\">SPX<\/a>) gained 1.4%, closing at 6,590 points, marking a 0.79% increase from the previous session. The tech-heavy Nasdaq Composite (<a href=\"\/stock\/IXIC\">IXIC<\/a>) also saw a healthy rebound, rising 1.5% after a significant 2.2% decline in the prior session.<\/p>\n<p>This Friday rally followed a turbulent Thursday, where U.S. stocks ended sharply lower despite robust earnings from chip giant Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>). The sell-off was attributed to investor worries that the Federal Reserve might not proceed with another interest rate cut in December, coupled with ongoing concerns about elevated AI spending and the valuations of big tech firms.<\/p>\n<p>The improved market sentiment on Friday was largely ignited by New York Federal Reserve President John Williams, who, in prepared remarks for a conference in Chile, signaled that he could support an additional rate cut by the Federal Reserve &quot;in the near term.&quot; This statement significantly shifted market expectations, with the CME FedWatch tool now indicating a 73.1% likelihood that the central bank will cut interest rates at its December meeting, a notable increase from 39.1% just yesterday.<\/p>\n<h2>Key Stock Movements and Corporate News<\/h2>\n<p>Several major companies experienced significant price movements and made headlines on Friday. <strong>Nvidia<\/strong> (<a href=\"\/stock\/NVDA\">NVDA<\/a>), despite reporting blockbuster third-quarter results with revenue soaring 62% year-over-year to $57 billion and data center sales up 66%, saw its shares fall 3.2% on Thursday and another 1.7% on Friday, as doubts about AI valuations persisted. This highlights a growing skepticism among some investors regarding the sustainability of current AI-driven valuations, even as the sector demonstrates strong underlying growth.<\/p>\n<p>Conversely, <strong>Walmart<\/strong> (<a href=\"\/stock\/WMT\">WMT<\/a>) led the decliners among Dow components on Friday, with its stock down roughly 2%. This followed a strong performance on Thursday, where Walmart shares jumped 6.5% after the company reported better-than-expected third-quarter results and raised its fiscal 2026 outlook. Notably, Walmart also announced its intention to switch its stock listing to the Nasdaq from the New York Stock Exchange.<\/p>\n<p>Retailers generally had a positive day. <strong>Gap<\/strong> (<a href=\"\/stock\/GPS\">GPS<\/a>) surged 9.5% after the apparel company reported a stronger profit for its latest quarter than analysts had anticipated. Similarly, <strong>Ross Stores<\/strong> (<a href=\"\/stock\/ROST\">ROST<\/a>) jumped 8.5% to an all-time high, benefiting from strong third-quarter earnings that beat consensus estimates and an increased forecast for holiday season sales. <strong>Intuit<\/strong> (<a href=\"\/stock\/INTU\">INTU<\/a>) also saw its shares climb 5.5% following a robust earnings and revenue report.<\/p>\n<p>Among other notable movers, <strong>Alphabet<\/strong> (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) jumped more than 3%, and <strong>Meta Platforms<\/strong> (<a href=\"\/stock\/META\">META<\/a>) added 1% on Friday. However, <strong>Microsoft<\/strong> (<a href=\"\/stock\/MSFT\">MSFT<\/a>) shares were down approximately 1%, and <strong>JPMorgan Chase<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>) saw a slight dip of about 0.2%. <strong>Oracle<\/strong> (<a href=\"\/stock\/ORCL\">ORCL<\/a>) slid more than 4%, and <strong>Palantir Technologies<\/strong> (<a href=\"\/stock\/PLTR\">PLTR<\/a>) swung to a 4.1% drop after an early rise. Homebuilders like <strong>D.R. Horton<\/strong> (<a href=\"\/stock\/DHI\">DHI<\/a>), <strong>PulteGroup<\/strong> (<a href=\"\/stock\/PHM\">PHM<\/a>), and <strong>Lennar<\/strong> (<a href=\"\/stock\/LEN\">LEN<\/a>) also performed strongly, with gains of 6%, 5.3%, and 5.1% respectively, driven by hopes for lower interest rates making mortgages more affordable.<\/p>\n<h2>Earnings Announcements After the Close<\/h2>\n<p>After the market closed on Friday, several companies were expected to report their quarterly earnings. <strong>BJ&#39;s Wholesale Club Holdings<\/strong> (<a href=\"\/stock\/BJ\">BJ<\/a>) announced actual earnings per share (EPS) of $1.16 against a forecast of $1.10, with revenue aligning with expectations at $5.35 billion. <strong>IES Holdings<\/strong> (<a href=\"\/stock\/IESC\">IESC<\/a>) also reported strong financial results for its fiscal year 2025, highlighting a 17% revenue growth. Other companies anticipated to release earnings after the bell included <strong>Azenta<\/strong> (<a href=\"\/stock\/AZTA\">AZTA<\/a>), <strong>Moog<\/strong> (<a href=\"\/stock\/MOG.A\">MOG.A<\/a>), and <strong>UGI<\/strong> (<a href=\"\/stock\/UGI\">UGI<\/a>).<\/p>\n<h2>Upcoming Market Events and Economic Calendar<\/h2>\n<p>Looking ahead, the next week will be shortened due to the <strong>Thanksgiving holiday<\/strong> in the U.S., with stock and bond markets closed on Thursday, November 27, and closing early on Friday, November 28.<\/p>\n<p>Investors will be closely watching several key economic data releases that were delayed due to a recent government shutdown. These include the <strong>Producer Price Index (PPI)<\/strong> for September, <strong>Retail Sales<\/strong> for September, and <strong>Durable Goods Orders<\/strong> for September. Other important indicators on the docket include the Case-Shiller and FHFA house price indexes, CB Consumer Confidence, and Pending Home Sales.<\/p>\n<p>The week will also feature speeches from Federal Reserve officials, including Dallas Fed President Lorie Logan and Boston Fed President Susan Collins, whose remarks will be scrutinized for further clues on the central bank&#39;s monetary policy trajectory.<\/p>\n<p>In terms of corporate earnings, the upcoming week will see reports from several notable companies. <strong>Zoom Communications<\/strong> (<a href=\"\/stock\/ZM\">ZM<\/a>) is scheduled to report after market close on Monday, November 24. On Tuesday, November 25, <strong>Alibaba Group Holding Ltd<\/strong> (<a href=\"\/stock\/BABA\">BABA<\/a>) and <strong>NIO Inc<\/strong> (<a href=\"\/stock\/NIO\">NIO<\/a>) are expected to release results before market open, while <strong>Cleanspark Inc<\/strong> (<a href=\"\/stock\/CLSK\">CLSK<\/a>), <strong>HP Inc<\/strong> (<a href=\"\/stock\/HPQ\">HPQ<\/a>), and <strong>Zscaler Inc<\/strong> (<a href=\"\/stock\/ZS\">ZS<\/a>) will report after market close. Additionally, several companies, including Power Finance Corporation and AK Capital Services, are set to go ex-dividend between November 24 and November 28.<\/p>\n<p>The interplay of shifting Federal Reserve expectations, ongoing corporate earnings, and upcoming economic data will continue to shape market dynamics as investors navigate the final weeks of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market staged a notable rebound on Friday, November 21, 2025, with major indexes closing significantly higher, recouping 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